On November 21, 2016, Oracle announced it had signed an agreement to acquire Dyn. “Dyn’s immensely scalable and global DNS is a critical core component and a natural extension to our cloud computing platform,” stated Thomas Kurian, President of Product Development at Oracle.
Employees at Oracle + Dyn, one of the Millyard’s biggest employers, are expecting to learn of layoffs Tuesday.
An email went to employees Monday alerting them of a 10 a.m. conference call.
Several workers believe layoffs will be announced at the high-tech giant, which employed about 400 workers in Manchester as of a year ago. Some also wonder if they will be offered transfers to other Oracle locations.
State Labor Commissioner Ken Merrifield said his office contacted Oracle after earlier inquiries from reporters looking to confirm worker suspicions of impending layoffs.
Merrifield said Oracle told his office it didn’t believe it would trigger mass-layoff notifications. He said Oracle has not confirmed layoffs to us “in any official way.”
Oracle released a statement Monday that suggested changes but it didn’t specifically confirm job cuts.
“As our cloud business grows, we will continually balance our resources and restructure our development group to help ensure we have the right people delivering the best cloud products to our customers around the world,” said Oracle’s Deborah Hellinger.
One Oracle worker who didn’t want to be identified said this month that he had been told a “pretty significant” layoff was coming soon.
Oracle bought Dyn, a startup that rose to high-tech prominence through its internet data traffic management services, for a reported $600 million in late 2016. Dyn is now a business unit within Oracle.
The landlord for the building at 150 Dow St. has put Oracle’s 100,000 square feet of space up for lease.
An Oracle spokesman confirmed on Monday that Oracle is negotiating to extend its Manchester lease, but she didn’t say for how much space.
A recent advertisement in the New Hampshire Sunday News listed 10,000 to 100,000-plus square feet of “fully built-out Class A space, currently occupied by Fortune 100 company Oracle."
“It doesn’t mean they’re leaving,” Robert Rohrer Jr., managing director in New Hampshire for Colliers International, which is marketing the space, said earlier this month. “It just means it’s for lease.”